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Search Results 0 to 9 of about 10 (some duplicates have been removed)
Al Jazeera America
Dec 5, 2013 11:30am EST
research. kil, cities across the country saw declining sales takes revenues, declining tax ref news as people's homes reduced in valley. value. >> a lot of cities are experiencing fiscal stress but i want to reiterate bankruptcies are rare. those who issue debt in the credit market only 10 a year going "g" into bankruptcy. while fiscal stress is a chief concern, bankruptcy is still a very rare phenomenon. >> is it stuffer at a time when the economy is not robust when the state's in which these cities and counties are located are also feeling a lot of strain, is it tough for put these restructuring deals together? >> the state plays a significant role in the fiscal health of the city. they offer state aid to local governments. that makes up a third of the city revenues. when cities cut back due to their own fiscal pressures local governments experience a lot of fiscal squeeze as well. >> are there fewer good choices when you're finally pushed to make a bankruptcy declaration. >> bankruptcy is a measure of last resort. joining anybody enjoys having to papaying pensioners, or putting c
Al Jazeera America
Dec 9, 2013 5:00pm EST
taxes, and i think we can tackle that over the next couple of days. the most recent gallop polls showed 9% of americans approve of the job that congress is doing. that's the lowest level in modern history. congress has passed 115 bills since january. >> every on single one of these bills have been blocked by washington and the democrats. they continue to stand in the way of the people's priorities. >> reporter: the list of legislation still to be accomplished clue includes the m bill. it expires january 1st. the house and senate are still billions apart on snap, the food stamp program. one of the sticking points has been what to do about dueling probations dealing with sexual assaults in the military. unless congress acts unemployment benefits will expire on 1.3 million americans. >> it's not just the right thing to do for our families. it's the smart thing to do for our economy. >> reporter: president obama used his radio address this weekend to push for an extension. house speaker john boehner said he's open to legislation to continue the benefits. >> we'll get the latest on the delib
Al Jazeera America
Dec 7, 2013 5:00pm EST
swirling around. potentially increasing interest rates. things that may happen. tax increases, spending increases at the federal level. so many possibility it is difficult to disentangle-- >> is it really had a hard if millions of people have more money to spend we don't know what the effect will be? >> sure' we're talking about 300 million people and 15 million would be independentin benefitingfrom the wage increas. so in the context it will b be a small number. >> we are it will be a shot in the arm to the macro-economy, but it won't be huge. it would shift $35 billion to minimum wage workers. so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal costs p
Al Jazeera America
Dec 4, 2013 11:30am EST
became more prominent, taxes were slashed for the wealthiest, while investments that make us all richer, like schools and infrastructure, were allowed to wither. and for a certain period of time we could ignore this weaken economic foundation, in part because more families were relying on two earners as women entered the work force. we took on more debt. but when the music stopped and the crisis hit millions of families were stripped of whatever cushion they had left. as the result is an economy that has become profoundly inequal, and families that are more insecure. since 1979 when i graduated from high school, our productivity is up by more than 90%. but the income of the typical family has increased by less than 8%. since 1979 our economy has more than doubled in size. but most of that growth has flowed to a fortunate few. the top 10% no longer takes in one-third of our income. it now takes half. whereas in the past the average ceo made about 20 to 30 times the income of the average worker, today's ceo now makes 273 times more. and meanwhile the family in the top 1% has a net worth 2
Al Jazeera America
Dec 2, 2013 5:00pm EST
. and also to the treasury department so that any appropriate tax credits can be submitted to the insurance company for appropriate information. >> so that interaction between the federal and your state had to work in order for people to make a successful purchase, is that right? >> that's correct. one of the things that connecticut has done, however, we reduced the number of service calls required by 50% up front because we've always wanted to be as self reliant as possible. >> now they're talking about the possibility of errors that go as far as people who think they've completed enrolled. are you worried of people showing up at the doctors after the first legal day after january 31st, and finding out they don't have healthcare insurance? >> we're actually not worried about that. we've been testing the 834 file transmissions with the health plans beginning last summer, and we're very confident that that will not happen or should not happen. >> do you also rely on the federal government to pay some of the credits towards full coverage that some of your connecticut citizens are eligible to
Al Jazeera America
Dec 7, 2013 11:30am EST
the work opportunity tax credit which gives employers a bit of a subsidy to hire people. i think we have to do some things not just to lean on employers, but to entice them hire people who have been out for a while to get rid of that stigma so employers would want to hire them. >> no perspective employer can tell you that you're too old. but did anyone tell you that you had been out of work too long? >> oh, they've told me i'm too old. a lot of these employers, the h.r. people will say the most inappropriate things to you. and what are you going to say? you're either going answer their question or you know you're not going to get a job. i've been told to my face that they don't hire the unemployed. >> i'm glad to hear that you have a new start. to me you're young worker so you have plenty of time to make up for your lost time. jener, peter, nick, thank you for your time. that bring us us to the end of this segment. the program may be over but the conversation continues. you can log on to our facebook page. send us your thoughts on twitter. our handle is @aj inside story am. we'll see you
Search Results 0 to 9 of about 10 (some duplicates have been removed)